XML 58 R43.htm IDEA: XBRL DOCUMENT v3.10.0.1
Derivative Financial Instruments and Credit Risk (Tables)
12 Months Ended
Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Foreign Currency Derivatives
 
As of December 31, 2018
 
As of December 31, 2017
(In millions)
Derivative Assets
 
Derivative Liabilities
 
Derivative Assets
 
Derivative Liabilities
Total
$
3.7

 
$
2.1

 
$
3.3

 
$
5.7

Schedule of Derivative Assets at Fair Value
(in millions)
As of December 31, 2018
Offsetting of Assets
 
 
 
 
 
 
 
 
 
 
Gross Amounts of Recognized Assets
 
Gross Amounts Offset in the Consolidated Balance Sheets
 
Amount Presented in the Consolidated Balance Sheets
 
Amount Subject to Master Netting Agreement
 
Net Amount
Derivatives
$
7.7

 
$

 
$
7.7

 
$
(1.5
)
 
$
6.2

(in millions)
As of December 31, 2017
Offsetting of Assets
 
 
 
 
 
 
 
 
 
 
Gross Amounts of Recognized Assets
 
Gross Amounts Offset in the Consolidated Balance Sheets
 
Amount Presented in the Consolidated Balance Sheets
 
Amount Subject to Master Netting Agreement
 
Net Amount
Derivatives
$
5.2

 
$

 
$
5.2

 
$
(1.3
)
 
$
3.9

Schedule of Derivative Liabilities at Fair Value
Offsetting of Liabilities
As of December 31, 2018
 
Gross Amounts of Recognized Liabilities
 
Gross Amounts Offset in the Consolidated Balance Sheets
 
Amount Presented in the Consolidated Balance Sheets
 
Amount Subject to Master Netting Agreement
 
Net Amount
Derivatives
$
2.0

 
$

 
$
2.0

 
$
(1.5
)
 
$
0.5

Offsetting of Liabilities
As of December 31, 2017
 
Gross Amounts of Recognized Liabilities
 
Gross Amounts Offset in the Consolidated Balance Sheets
 
Amount Presented in the Consolidated Balance Sheets
 
Amount Subject to Master Netting Agreement
 
Net Amount
Derivatives
$
5.5

 
$

 
$
5.5

 
$
(1.3
)
 
$
4.2

Schedule of Gain (Loss) on Derivatives Not Designated as Hedging Instruments
The following table presents the location and amount of the gain (loss) on foreign currency derivatives and on the remeasurement of assets and liabilities denominated in foreign currencies, as well as the net impact recognized in the consolidated statements of income:

Derivatives not designated as hedging instruments
 
Location of Gain (Loss) Recognized in Income
 
Amount of Gain (Loss) Recognized in Income
(In millions)
 
 
 
2018
 
2017
 
2016
Foreign exchange contracts
 
Revenue
 
$
(4.6
)
 
$
0.2

 
$
(0.5
)
Foreign exchange contracts
 
Cost of sales
 
(0.4
)
 
0.8

 
(0.5
)
Foreign exchange contracts
 
Selling, general and administrative expense
 
0.6

 
1.0

 
(1.0
)
Total
 
 
 
(4.4
)
 
2.0

 
(2.0
)
 
 
 
 
 
 
 
 
 
Remeasurement of assets and liabilities in foreign currencies
 
 
 
2.8

 
(2.6
)
 
0.4

Net gain (loss) on foreign currency transactions
 
 
 
$
(1.6
)
 
$
(0.6
)
 
$
(1.6
)